Investing.com - Momo (NASDAQ:MOMO) Inc reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Momo Inc announced earnings per share of ¥1.05 on revenue of ¥3.87B. Analysts polled by Investing.com anticipated EPS of ¥2.74 on revenue of ¥3.9B.
Momo Inc shares are down 49.88% from the beginning of the year, still down 58.92% from its 52 week high of ¥40.87 set on January 13. They are under-performing the Nasdaq which is up 27.7% from the start of the year.
Momo Inc follows other major Technology sector earnings this month
Momo Inc's report follows an earnings beat by NVIDIA on August 19, who reported EPS of ¥2.18 on revenue of ¥3.87B, compared to forecasts EPS of ¥1.97 on revenue of ¥3.65B.
Salesforce.com had beat expectations on August 25 with second quarter EPS of ¥1.44 on revenue of ¥5.15B, compared to forecast for EPS of ¥0.67 on revenue of ¥4.9B.
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